2022 Q1 Form 10-Q Financial Statement
#000173112222000917 Filed on May 16, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $8.657M | $2.570M |
| YoY Change | 236.86% | 22.38% |
| Cost Of Revenue | $6.011M | $1.420M |
| YoY Change | 323.33% | 16.39% |
| Gross Profit | $2.646M | $1.150M |
| YoY Change | 130.08% | 30.68% |
| Gross Profit Margin | 30.56% | 44.75% |
| Selling, General & Admin | $2.460M | $1.120M |
| YoY Change | 119.63% | 27.27% |
| % of Gross Profit | 92.97% | 97.39% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $351.3K | $270.0K |
| YoY Change | 30.13% | 12.5% |
| % of Gross Profit | 13.28% | 23.48% |
| Operating Expenses | $2.460M | $1.120M |
| YoY Change | 119.63% | 28.74% |
| Operating Profit | $186.0K | $30.00K |
| YoY Change | 520.13% | 200.0% |
| Interest Expense | -$42.66K | -$40.00K |
| YoY Change | 6.65% | -20.0% |
| % of Operating Profit | -22.93% | -133.33% |
| Other Income/Expense, Net | -$42.66K | |
| YoY Change | ||
| Pretax Income | $143.4K | $0.00 |
| YoY Change | -100.0% | |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | $156.0K | $0.00 |
| YoY Change | -100.0% | |
| Net Earnings / Revenue | 1.8% | 0.0% |
| Basic Earnings Per Share | $0.02 | |
| Diluted Earnings Per Share | $23.30K | $0.00 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 6.696M shares | |
| Diluted Shares Outstanding | 6.956M shares |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $13.42M | $630.0K |
| YoY Change | 2030.27% | 90.91% |
| Cash & Equivalents | $13.42M | $630.0K |
| Short-Term Investments | ||
| Other Short-Term Assets | $1.256M | $530.0K |
| YoY Change | 137.03% | 381.82% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $3.524M | $720.0K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $18.20M | $1.890M |
| YoY Change | 863.04% | 47.66% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $2.937M | $2.610M |
| YoY Change | 12.55% | -2.97% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $78.05K | $50.00K |
| YoY Change | 56.1% | -28.57% |
| Total Long-Term Assets | $11.76M | $6.080M |
| YoY Change | 93.44% | -4.55% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $18.20M | $1.890M |
| Total Long-Term Assets | $11.76M | $6.080M |
| Total Assets | $29.96M | $7.970M |
| YoY Change | 275.94% | 4.18% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $4.335M | $1.540M |
| YoY Change | 181.52% | 49.51% |
| Accrued Expenses | $206.2K | $110.0K |
| YoY Change | 87.48% | 10.0% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $1.127M | $1.730M |
| YoY Change | -34.86% | 28.15% |
| Total Short-Term Liabilities | $5.961M | $4.930M |
| YoY Change | 20.91% | 22.03% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $992.7K | $990.0K |
| YoY Change | 0.27% | -42.11% |
| Other Long-Term Liabilities | $177.4K | $130.0K |
| YoY Change | 36.42% | -38.1% |
| Total Long-Term Liabilities | $1.170M | $1.120M |
| YoY Change | 4.47% | -41.67% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $5.961M | $4.930M |
| Total Long-Term Liabilities | $1.170M | $1.120M |
| Total Liabilities | $7.016M | $5.950M |
| YoY Change | 17.91% | 1.19% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $22.95M | $2.020M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $29.96M | $7.970M |
| YoY Change | 275.94% | 4.18% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $156.0K | $0.00 |
| YoY Change | -100.0% | |
| Depreciation, Depletion And Amortization | $351.3K | $270.0K |
| YoY Change | 30.13% | 12.5% |
| Cash From Operating Activities | $1.644M | $350.0K |
| YoY Change | 369.66% | 16.67% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$25.95K | -$260.0K |
| YoY Change | -90.02% | 333.33% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$25.95K | -$260.0K |
| YoY Change | -90.02% | 333.33% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -333.0K | -350.0K |
| YoY Change | -4.87% | 45.83% |
| NET CHANGE | ||
| Cash From Operating Activities | 1.644M | 350.0K |
| Cash From Investing Activities | -25.95K | -260.0K |
| Cash From Financing Activities | -333.0K | -350.0K |
| Net Change In Cash | 1.285M | -260.0K |
| YoY Change | -594.19% | |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $1.644M | $350.0K |
| Capital Expenditures | -$25.95K | -$260.0K |
| Free Cash Flow | $1.670M | $610.0K |
| YoY Change | 173.73% | 69.44% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
| CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2021Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2022Q1 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
USD | |
| CY2021Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
USD | |
| CY2022Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
USD | |
| CY2021Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
USD | |
| CY2022Q1 | dtst |
Accrual Of Preferred Stock Dividend
AccrualOfPreferredStockDividend
|
USD | |
| CY2021Q1 | dtst |
Options
Options
|
shares | |
| CY2021Q1 | dtst |
Warrants
Warrants
|
shares | |
| CY2022Q1 | dtst |
Total Intangible Assets Not Subject To Amortization Accumulated Amortization
TotalIntangibleAssetsNotSubjectToAmortizationAccumulatedAmortization
|
USD | |
| CY2022Q1 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
USD | |
| CY2022Q1 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
USD | |
| CY2022Q1 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
USD |
